BLS International Services Ltd. (BLS) AI Stock Analysis

• Market Cap: ₹132.91B
• Dividend Yield: 0.31%
• Average Volume (3M): 518.27K
• Price to Earnings (P/E): 23.8
• Beta (1Y): 1.36
• Revenue Growth: 35.01%
• EPS Growth: 57.78%
• Country: IN
• Employees: 357
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Business Services
• EPS (TTM): 4.20
• Shares Outstanding: 411,740,900
• 10 Day Avg. Volume: 1,401,115
• 30 Day Avg. Volume: 518,274
• PEG Ratio: 0.51
• Price to Book (P/B): 9.34
• Price to Sales (P/S): 7.37
• P/FCF Ratio: 24.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: ₹353.00 ▲(8.58% Upside)

BLS International Services Ltd. receives a score of 66, driven primarily by its strong financial performance, which is the most significant factor. The technical analysis presents a mixed outlook with bearish trends, and the valuation is fair but not compelling. The absence of earnings call data and corporate events limits additional insights.

BLS International Services Ltd. Business Overview & Revenue Model

Company Description

BLS International Services Ltd. is a leading provider of visa, passport, and consular services, catering to governments and diplomatic missions worldwide. Established to streamline the application process for international travel, BLS operates in multiple sectors including visa processing, document verification, and biometric services. The company is known for its technological innovation and extensive network, which facilitates efficient service delivery to its clients and end-users.

How the Company Makes Money

BLS International generates revenue primarily through service fees charged for processing visa and passport applications on behalf of various governments and embassies. The company's revenue model includes transaction-based fees, which are collected for each application processed. Additionally, BLS may charge fees for value-added services such as document verification, biometric enrollment, and appointment scheduling. Strategic partnerships with governments and diplomatic missions enhance its service offerings and expand its market presence, contributing significantly to its earnings. The company also benefits from long-term contracts and agreements, ensuring a stable revenue stream.

BLS International Services Ltd. Financial Statement Overview

Summary

BLS International Services Ltd. demonstrates robust financial health with strong revenue growth, high profitability margins, a solid equity position, and efficient cash flow management. The company faces potential challenges in maintaining margins amidst competition.

Income Statement

BLS International Services Ltd. exhibits a strong income statement with a notable revenue growth rate of 30.77% in 2025, indicating expanding operations. The company has maintained a high gross profit margin of approximately 40.28% and a net profit margin of 23.17% for the same period, reflecting efficient cost management and healthy profitability. EBIT and EBITDA margins of 40.28% and 28.69%, respectively, further confirm robust operational performance. However, maintaining these margins in the face of growing competition could present future challenges.

Balance Sheet

The balance sheet of BLS International Services Ltd. is characterized by a strong equity base with a debt-to-equity ratio of 0.21, indicating low financial leverage and a solid equity position. The equity ratio stands at 61.7%, showcasing the company's reliance on equity financing, which enhances financial stability. Nevertheless, the relatively high cash reserves compared to debt suggest an opportunity for more efficient capital allocation.

Cash Flow

Cash flow analysis reveals strong operational cash flows, with an operating cash flow to net income ratio of 1.63, indicating efficient cash generation relative to net income. Additionally, free cash flow grew by 133.45%, reflecting effective cash management and reinvestment capabilities. The company exhibits a free cash flow to net income ratio of 1.31, underscoring strong cash profitability. However, substantial investing cash outflows warrant monitoring for potential impacts on liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.11B	21.93B	16.77B	15.16B	8.50B	4.78B
Gross Profit	10.12B	8.07B	5.01B	4.88B	2.76B	1.42B
EBITDA	7.60B	6.29B	3.91B	2.42B	1.23B	595.32M
Net Income	5.65B	5.08B	3.13B	2.01B	1.11B	501.54M
Balance Sheet
Total Assets	0.00	28.06B	16.16B	9.45B	6.33B	4.98B
Cash, Cash Equivalents and Short-Term Investments	9.04B	9.04B	9.72B	4.39B	3.06B	2.67B
Total Debt	0.00	3.59B	305.96M	65.31M	111.58M	7.33M
Total Liabilities	-20.19B	7.87B	1.75B	1.08B	635.06M	381.84M
Stockholders Equity	20.19B	17.31B	12.08B	8.03B	5.70B	4.60B
Cash Flow
Free Cash Flow	0.00	6.68B	2.86B	1.92B	1.03B	401.94M
Operating Cash Flow	0.00	8.29B	3.50B	2.61B	1.85B	450.07M
Investing Cash Flow	0.00	-11.19B	-2.60B	-2.38B	-1.72B	-223.80M
Financing Cash Flow	0.00	1.58B	2.57B	72.31M	-120.50M	-94.78M

BLS International Services Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 325.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLS, the sentiment is Negative. The current price of 325.1 is below the 20-day moving average (MA) of 327.42, below the 50-day MA of 352.46, and below the 200-day MA of 379.83, indicating a bearish trend. The MACD of -10.16 indicates Negative momentum. The RSI at 45.89 is Neutral, neither overbought nor oversold. The STOCH value of 63.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLS.

BLS International Services Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMSINFO	74 Outperform	₹63.16B	16.78	―	2.45%	4.25%	2.53%
UDS	69 Neutral	₹14.81B	12.13	―	―	10.48%	48.66%
BLS	66 Neutral	₹132.91B	23.80	―	0.31%	35.01%	57.78%
ONEPOINT	66 Neutral	₹12.12B	31.18	―	―	35.37%	17.00%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
HGS	48 Neutral	₹22.74B	22.01	―	1.43%	-4.50%	-109.54%

BLS International Services Ltd. Corporate Events

BLS International Faces Temporary Tender Restrictions by MEA

BLS International Services Limited announced that the Ministry of External Affairs has temporarily restricted the company from participating in new Indian Mission tenders for two years. Despite this, the company states that the order will not affect its current financials or ongoing operations, as existing contracts remain valid. The company is actively working to resolve the issue, viewing it as a procedural matter within the visa outsourcing industry. BLS International remains confident in its growth trajectory, supported by a diversified business portfolio and strong business fundamentals.

BLS International Expands Hospitality Portfolio with UK Hotel Acquisition

BLS International Services Ltd. has announced the acquisition of Trefeddian Hotel (Aberdovey) Limited through its subsidiary, BLS UK Hotels Limited. This strategic move aims to diversify BLS’s business portfolio, enhance revenue streams, and strengthen its foundation for sustainable long-term growth in the hospitality sector.

BLS International Conducts 41st AGM with Positive Auditor Feedback

BLS International Services Ltd. held its 41st Annual General Meeting on September 16, 2025, via video conferencing, in compliance with regulatory guidelines. The meeting, chaired by Managing Director Nikhil Gupta, proceeded smoothly with no adverse remarks from auditors, reflecting positively on the company’s governance and operational transparency.

BLS International Schedules 41st AGM with E-Voting

BLS International Services Ltd. has announced its 41st Annual General Meeting (AGM) scheduled for September 16, 2025, to be conducted via video conferencing. The company is facilitating remote e-voting for shareholders, allowing them to participate in decision-making processes, which reflects its commitment to leveraging technology for stakeholder engagement.

BLS International Releases FY 2024-25 Sustainability Report

BLS International Services Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2024-25 to the National Stock Exchange of India and BSE Limited. This report, which is part of the company’s annual report, highlights BLS International’s commitment to sustainable business practices and corporate responsibility. The release of this report underscores the company’s dedication to transparency and accountability, potentially strengthening its position in the industry and enhancing trust among stakeholders.

BLS International Releases FY 2024-25 Annual Report

BLS International Services Limited has announced the availability of its Annual Report for the fiscal year 2024-25. The company has provided a web-link to the report for shareholders who have not registered their email addresses with the company or depositories. The report, along with the notice for the 41st Annual General Meeting, is accessible on the company’s website and various stock exchange platforms. This move underscores BLS International’s commitment to digital communication and environmental sustainability by encouraging shareholders to opt for electronic communication.